FDIC Certificate #: 24701 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:The First National Bank of Durango (#3014) Federal Reserve ID: 69351 Date Established: July 05, 1983 WWW:http://www.bankofdurango.com Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Interstate: No) FDIC's unique #: 17144 Numeric code: 13 Regulator: FED Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: July 05, 1983 Last Structure Change Effective Date: April 24, 2007 Last Structure Change Process Date: May 21, 2007 Last Data Update: May 21, 2007 Data Source Date: April 05, 2012
Location
Address: 125 Sawyer Drive, Durango, CO 81303 County: La Plata Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Denver Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Core Based Statistical Area (CBSA): Durango, CO (#20420) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $31.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2006)
Dollar figures in thousands
15Total employees (full-time equivalent)
$31,044Total assets
$1,286Cash and due from depository institutions
$12Interest-bearing balances
$406Securities
$5,600Federal funds sold & reverse repurchase agreements
$21,802Net loans & leases
$746Loan loss allowance
$0Trading account assets
$1,320Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$630All other assets
$31,044Total liabilities and capital
$28,225Total liabilities
$28,012Total deposits
$20,321Interest-bearing deposits
$28,012Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$213All other liabilities
$2,819Total equity capital
$2,819Total bank equity capital
$2,819Perpetual preferred stock
$0Common stock
$784Surplus
$2,418Undivided profits
Memoranda
$-383Noncurrent loans and leases
$1,957Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$869Earning assets
$193Long-term assets (5+ years)
$155Average Assets, year-to-date
$27,820Average Assets, quarterly
$3,533Volatile liabilities
$30,784Insider loans
$30,487FHLB advances
$6,400Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,957Total unused commitments
$203Restructured Loans and leases
$320Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$2,206Total interest income
$624Total interest expense
$1,582Net interest income
$0Provision for loan and lease losses
$529Total noninterest income
$0Fiduciary activities
$93Service charges on deposit accounts
$0Trading account gains & fees
$436Additional noninterest income
$2,352Total noninterest expense
$1,098Salaries and employee benefits
$207Premises and equipment expense
$1,047Additional noninterest expense
-$241Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$241Income before extraordinary items
$0Extraordinary gains - net
-$241Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$132Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.16%Yield on earning assets
2.31%Cost of funding earning assets
5.85%Net interest margin
1.96%Noninterest income to earning assets
8.70%Noninterest expense to earning assets
-0.78%Net operating income to assets
-0.78%Return on assets (ROA)
-0.78%Pretax return on assets
-8.17%Return on equity (ROE)
-8.17%Retained earnings to average equity (YTD only)
0.57%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
-1.83%Efficiency ratio
111,416Assets per employee
2.07%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.31%Loss allowance to noncurrent loans
85.85%Noncurrent assets plus other real estate owned to assets
2.80%Noncurrent loans to loans
3.85%Net loans and leases to deposits
77.83%Net loans and leases to core deposits
100.88%Equity capital to assets
9.08%Core capital (leverage) ratio
9.11%Tier 1 risk-based capital ratio
11.20%Total risk-based capital ratio
Memoranda
$12Average assets
$30,784Average earning assets
$2,951Average equity
$27,029Average loans
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